2021-12-31-accounts - Local And Live Music

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REGISTERED CHARITY NUMBER: 1182100

Report of the Trustees and

Unaudited Financial Statements
for the Year Ended 31 December 2021

for

Local and Live Music

ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Local and Live Music

Contents of the Financial Statements
for the year ended 31 December 2021

	`Page`
`Report of the Trustees`	`1 to 3`
`Independent Examiner's Report`	`4`
`Statement of Financial Activities`	`5`
`Balance Sheet`	`6`
`Notes to the Financial Statements`	`7 to 12`
`Detailed Statement of Financial Activities`	`13 to 14`

`Local and Live Music`

`Report of the Trustees for the year ended 31 December 2021`

The trusteespresenttheirreportwiththe financialstatementsof the charityfor the yearended31 December2021. The
trusteeshaveadoptedtheprovisionsofAccountingandReportingbyCharities:StatementofRecommended Practice
applicableto charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the  UK
and Republic of Ireland (FRS 102) (effective 1 January 2019).

`Charity Overview`

LocalandLiveMusicwasgrantedcharitablestatuson18thFebruary2019.Theaimsofthecharityareto promote
publicappreciationof andeducationinthearts,andinparticulartheartof music,by deliveringa festivalto include the
performance of live original music and spoken word and other music-related educational events and opportunities.

OurtrusteescontinuetocloselyfollowtheguidanceoftheCharityCommissionwhendevelopingstrategies, objectives
and activities relating to objects of public benefit.

`Background`

A smallgroupofindividuals,headedbyPaulDunton,sharea passionformusic.Inparticulartheyhavea passion for
originalmusicperformedlive;theycareaboutbringingthatmusicto thepublic,to educatethemaboutstyles& genres
thattheymay not knowand theycareaboutthe developmentof the musiciansand composerswho createand perform
that music.  This is the origin of the annual Local and Live Music Festival.

This festival has been running for 13 years in Tunbridge Wells; it is a free-to-attend, not for profit, community event.

It started modestly as a very small event with a handful of acts on the bandstand in The Pantiles.

The event grew substantiallyand, in 2018, the main stage was in CalverleyGrounds (approx.18 acres of public parkland
in the centreof the town)with a further6 satellitevenuesacrossthe town. The eventtook placeover4 daysacross the
August Bank Holiday weekend, featuring over 100 acts and with audience numbers estimated at over 2000 per day.

The scale of the event with the associatedplanning,operationsand finance,was getting beyond the scope of an  informal
groupofindividuals.Thekeymembersofthegroupfeltitwastimetocreateamoreformalorganisationand, having
taken advice, agreed that a Foundation CIO would be the right way forward.

Local and Live Music

`Report of the Trustees for the year ended 31 December 2021`

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

TheCOVID-19Pandemicmade2020anextraordinarilydifficultyearforconventionallivemusiceventswhich were
almostentirelyshutdown.InsteadofrunningthetraditionalfestivalinCalverleygrounds,thecharitywaslimited to
running a much smaller closed event that was streamed on-line.

Thequestionfor2021waswhethera properoutdoorfestivalcouldtakeplaceor an eventsimilarto thatof 2020 would
be theonlyoption.Governmentadviceearlyintheyearwasoptimisticbutnecessarilyvagueon specificdatesfor the
easing of lockdownrestrictions.However by the end of May, the Trusteesfelt that they could could commit to  organising
the full outdoor festival and arrangements started to be put in place.

The news that the festivalwould - hopefully- go ahead was greetedwith huge enthusiasmby localmusiciansand music
fans alike. The local newspaper,The Times of TunbridgeWells, featured the news as their front page articleon 9th  June.
(See link here:

 https://www.timeslocalnews.co.uk/tunbridge-wells-digital/read-the-times-of-tunbridge-wells-9th-june-2021/  )

To assist with this, professional events organiser, Faydra Mitchell, was hired.

While the enthusiasmwas welcome,there was stilla measure of uncertaintyabout exactlywhen publicgatherings would
be permitted.Indeed,a muchlargercommercialmusicfestivalnearTunbridgeWellsthatwasscheduledto take place
at the end of June had to be cancelled at short notice at considerable cost.

It is worth noting that the Charityhas a very good relationshipwith its main suppliersand can thereforebook all the main
facilities&serviceswithouthavingtopaynon-returnabledeposits.Thistookmuchofthefinancialriskoutof the
uncertainty.

It isalsoworthnotingthatCharityaskedthesuppliersof services,foodanddrinkoutlets,etc.,to followall government
guidelineswithrespecttominimisingthepossiblespreadofinfection.TheCharitypurchasedanumber of
battery-poweredgelhand-sanitiserstationstobepositionedaroundthefestivalsiteatkeypositions.TheCharity also
purchaseda packof aerosolsanitisingspraysspecificallydesignedfor the stagefor use withtechnicalequipment such
as microphones, mic stands, etc.

The festivaltook place,as planned,over the Fri/Sat/Sunof the August Bank Holidayin CalverleyGrounds.The weather
waskindandlargecrowdsturnedouttoenjoythemusic-therewasveryevidentsupportfromtheaudiencefor live
musichavingbeendeniedsucheventsforsome18months.OntheMonday,fringemusiceventstookplaceat other
venues around the town including The Forum, The Royal Oak, etc.

The localnewspaper,The Timesof TunbridgeWells,estimatedthat over10,000peopleattendedthe festivaland fringe
events.Approaching100actsperformed,includingmainstageheadlinersMarieWhite,TheOrangeCircus,Wake Up
LeoalongwithmemorableperformancesbyCodeMarlaandDullKnife.Itwasgenerallyfelttobeoneofthe most
successfuleventseverrunbytheCharity.(Thenewspaperreportcanbeviewed here:
https://www.timeslocalnews.co.uk/tunbridge-wells-digital/read-the-times-of-tunbridge-wells-1st-september-2021/  )

Theethosofthefestivalisacelebrationoforiginalmusicwhichisarunasafreeeventsoonceagain,theartists all
kindly gave their services without fees.

Whiletheeventwasfreetoattend,itstillcostsome£50,000toputon;themaincostsbeingstage/PA/Lights hire,
security,medical& toilet facilities.The main sourcesof income were publicdonations(+ gift aid), grants and profit share
from the retailoutletson site.An innovationthis year was the use of a large video screenon the back of a lorry near the
mainstagethatshowedvideoadverts/promo'sforlocalbusinesses,organisations,etc.Thisraisednearly£4000 with
fairlyminimaleffort;we intendto use this again as a fund-raisingtool as it has the potentialto raiseconsiderably greater
amounts.

Local and Live Music

`Report of the Trustees for the year ended 31 December 2021`

Further details are included in the financial report.

Duringtheyear,oneoftheTrustees,LaurenBrook,resignedduetopressurefromothercommitments.TheBoard of
Trusteeswouldliketooffertheirthanksforherhardworkandsupportandwishherallthebestforthefuture.A new
Trustee, Paul Coe, was appointed who brings very welcome skills and talents to the Board.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

`REFERENCE AND ADMINISTRATIVE DETAILS`

`Registered Charity number`

`Principal address`

No 4
Bretland Road
Tunbridge Wells
Kent
TN4 8PB

`Trustees`

J Dorman
N Bent
P Dunton
P Taylor
B Jameson
L Brook (resigned 1.6.2021)
P Coe (appointed 1.9.2022)

`Independent Examiner`

ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

Approved by order of the board of trustees on 25 October 2022 and signed on its behalf by:

N Bent - Trustee

`Independent Examiner's Report to the Trustees of Local and Live Music`

`Independent examiner's report to the trustees of Local and Live Music`

I reportto the charitytrusteeson my examinationof the accountsof Localand Live Music(the Trust)for the year ended
31 December 2021.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedout under section145 of the Act and in carrying out
my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunder section145(5)(b)of the
Act.

`Independent examiner's statement`

I havecompletedmyexamination.I confirmthatnomaterialmattershavecometomyattentioninconnectionwith the
examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concernsand have come acrossno other mattersin connectionwith the examinationto which attention should
be drawn in this report in order to enable a proper understanding of the accounts to be reached.

J A Gibbs
ah partnership
Chartered Accountants
Stanley House
49 Dartford Road
Sevenoaks
Kent
TN13 3TE

25 October 2022

`Local and Live Music`

`Statement of Financial Activities for the year ended 31 December 2021`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `2` `55,979` `-` `Other trading activities` `3` `8,668` `-` `Total` `64,647` `-` `EXPENDITURE ON` `Raising funds` `2,831` `-` `Charitable activities` `Local and Live` `52,699` `-` `Total` `55,530` `-` `NET INCOME` `9,117` `-` `RECONCILIATION OF FUNDS` `Total funds brought forward` `874` `-` `TOTAL FUNDS CARRIED FORWARD` `9,991` `-`	`2021` `Total` `funds` `£` `55,979` `8,668` `64,647` `2,831` `52,699` `55,530` `9,117` `874` `9,991`	`2020` `Total` `funds` `£` `13,900` `-`
		`13,900` `52` `13,330`
		`13,382`
		`518` `356`
		`874`

The notes form part of these financial statements

`Local and Live Music`

`Balance Sheet 31 December 2021`

`Unrestricted` `Restricted` `fund` `fund` `Notes` `£` `£` `FIXED ASSETS` `Intangible assets` `6` `4,200` `-` `CURRENT ASSETS` `Stocks` `7` `190` `-` `Debtors` `8` `2,060` `-` `Cash at bank` `5,341` `-` `7,591` `-` `CREDITORS` `Amounts falling due within one year` `9` `(1,800)` `-` `NET CURRENT ASSETS` `5,791` `-` `TOTAL ASSETS LESS CURRENT LIABILITIES` `9,991` `-` `NET ASSETS` `9,991` `-` `FUNDS` `10` `Unrestricted funds` `TOTAL FUNDS`	`2021` `Total` `funds` `£` `4,200` `190` `2,060` `5,341` `7,591` `(1,800)` `5,791` `9,991` `9,991` `9,991` `9,991`	`2020` `Total` `funds` `£` `-` `250` `400` `1,024`
		`1,674` `(800)`
		`874`
		`874`
		`874`
		`874`
		`874`

The financialstatementswere approvedby the Board of Trusteesand authorisedfor issue on 25 October2022 and were
signed on its behalf by:

N Bent - Trustee

The notes form part of these financial statements

Local and Live Music

`Notes to the Financial Statements for the year ended 31 December 2021`

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and  the
Charities Act 2011. The financial statements have been prepared under the historical cost convention.

`Income`

All income is recognisedin the Statementof FinancialActivitiesonce the charityhas entitlementto the funds, it is
probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredinsettlement and
theamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedforonanaccrualsbasis and
hasbeenclassifiedunderheadingsthataggregateallcostrelatedtothecategory.Wherecostscannot be
directlyattributedto particularheadingstheyhavebeen allocatedto activitieson a basisconsistentwiththe use
of resources.

`Stocks`

Stocksare valued at the lower of cost and net realisablevalue,after makingdue allowancefor obsoleteand  slow
moving items.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfunds can only be used for particularrestrictedpurposeswithinthe objectsof the charity. Restrictions
arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

`2. DONATIONS AND LEGACIES`

`Donations` `Gift aid` `Grants`	`2021` `£` `35,468` `3,861` `16,650` `55,979`	`2020` `£` `10,250` `2,000` `1,650`
		`13,900`

continued...

`Local and Live Music`

`Notes to the Financial Statements - continued`

`for the year ended 31 December 2021`

`2. DONATIONS AND LEGACIES - continued`

Grants received, included in the above, are as follows:

`TWBC Sound of the Wells` `Royal Tunbridge Wells Together` `ARG grant` `OTHER TRADING ACTIVITIES` `Merchandise sales` `Sponsorships`	`2021` `£` `1,650` `5,000` `10,000` `16,650` `2021` `£` `1,698` `6,970` `8,668`	`2020` `£` `-` `1,650` `-`	`2020` `£` `-` `1,650` `-`
		`1,650`
		`2020` `£` `-` `-` `-`
			`-`

`3. OTHER TRADING ACTIVITIES`

`4. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021norforthe year
ended 31 December 2020.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31December2021norfortheyear ended
31 December 2020.

`5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`

`Unrestricted` `Restricted` `fund` `fund` `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations and legacies` `13,900` `-` `EXPENDITURE ON` `Raising funds` `52` `-` `Charitable activities` `Local and Live` `13,330` `-` `Total` `13,382` `-` `NET INCOME` `518` `-`	`Total` `funds` `£` `13,900` `52` `13,330`
	`13,382`
	`518`

continued...

`Local and Live Music`

`Notes to the Financial Statements - continued for the year ended 31 December 2021`

`5.`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued`
		`Unrestricted`	`Restricted`		`Total`
		`fund`	`fund`		`funds`
		`£`	`£`		`£`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`	`356`	`-`		`356`
	`TOTAL FUNDS CARRIED FORWARD`	`874`	`-`		`874`
`6.`	`INTANGIBLE FIXED ASSETS`
					`Computer`
					`software`
					`£`
	`COST`
	`Additions`				`5,250`
	`AMORTISATION`
	`Charge for year`				`1,050`
	`NET BOOK VALUE`
	`At 31 December 2021`				`4,200`
	`At 31 December 2020`				`-`
	`The intangible asset above represents the capitalisation of the website created for`		`the charity.`	`The charity will`
	`amortisatise the asset over a 5 year period.`
`7.`	`STOCKS`
			`2021`		`2020`
			`£`		`£`
	`Finished goods`		`190`		`250`

continued...

`Local and Live Music`

`Notes to the Financial Statements - continued`

`for the year ended 31 December 2021`

`8.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2021`	`2020`
			`£`	`£`
	`Other debtors`		`2,060`	`400`
`9.`	`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`2021`	`2020`
			`£`	`£`
	`Other creditors`		`1,800`	`800`
`10.`	`MOVEMENT IN FUNDS`
			`Net`
			`movement`	`At`
		`At 1.1.21`	`in funds`	`31.12.21`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`874`	`9,117`	`9,991`
	`TOTAL FUNDS`	`874`	`9,117`	`9,991`
	`Net movement in funds, included in the above are as follows:`
		`Incoming`	`Resources`	`Movement`
		`resources`	`expended`	`in funds`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`64,647`	`(55,530)`	`9,117`
	`TOTAL FUNDS`	`64,647`	`(55,530)`	`9,117`
	`Comparatives for movement in funds`
			`Net`
			`movement`	`At`
		`At 1.1.20`	`in funds`	`31.12.20`
		`£`	`£`	`£`
	`Unrestricted funds`
	`General fund`	`356`	`518`	`874`
	`TOTAL FUNDS`	`356`	`518`	`874`

continued...

`Local and Live Music`

`Notes to the Financial Statements - continued for the year ended 31 December 2021`

`10. MOVEMENT IN FUNDS - continued`

Comparative net movement in funds, included in the above are as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`13,900`	`(13,382)`	`518`
`TOTAL FUNDS`	`13,900`	`(13,382)`	`518`

A current year 12 months and prior year 12 months combined position is as follows:

		`Net`
		`movement`	`At`
	`At 1.1.20`	`in funds`	`31.12.21`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`356`	`9,635`	`9,991`
`TOTAL FUNDS`	`356`	`9,635`	`9,991`

A currentyear12 monthsand prioryear12 monthscombinednet movementin funds,includedin the above are
as follows:

	`Incoming`	`Resources`	`Movement`
	`resources`	`expended`	`in funds`
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`78,547`	`(68,912)`	`9,635`
`TOTAL FUNDS`	`78,547`	`(68,912)`	`9,635`

continued...

Local and Live Music

`Notes to the Financial Statements - continued`

`for the year ended 31 December 2021`

`11. RELATED PARTY DISCLOSURES`

DuringtheperiodNBent,whoisatrusteeofthecharity,donated£17,250(2020:£8,000)tothecharity. The
donationwas madewithoutrestriction.Giftaid was subsequentlyclaimedon the donation.N Bent also granted
the charity a loan of £26,000 to aid cashflow, this was fully repaid at the year end.

DuringtheyearpaymentswerepaidtoTheInsideStoryLtd,acompanycontrolledbyBJameson,whois a
trusteeof the charity,of £5,250in relationto the constructionof the charity'swebsite.Thispaymentwas funded
by a direct donation.

Includedwithincreditorsareamountstotalling£800(2020:£800)relatingtoexpensesmetonbehalfof the
charityduring2019by N Bent(Trustee).N Benthasagreedthattheseamountswillonlybe repaidwhenit will
not impact on the finances of the charity.

`12. ULTIMATE CONTROLLING PARTY`

During the year the charity was controlled by the appointed Trustees.

`Local and Live Music`

`Detailed Statement of Financial Activities for the year ended 31 December 2021`

	`2021`	`2020`
	`£`	`£`
`INCOME AND ENDOWMENTS`
`Donations and legacies`
`Donations`	`35,468`	`10,250`
`Gift aid`	`3,861`	`2,000`
`Grants`	`16,650`	`1,650`
	`55,979`	`13,900`
`Other trading activities`
`Merchandise sales`	`1,698`	`-`
`Sponsorships`	`6,970`	`-`
	`8,668`	`-`
`Total incoming resources`	`64,647`	`13,900`
`EXPENDITURE`
`Other trading activities`
`Opening stock`	`250`	`50`
`Purchases`	`2,771`	`252`
`Closing stock`	`(190)`	`(250)`
	`2,831`	`52`
`Charitable activities`
`Event management`	`1,839`	`532`
`Hire of equipment`	`37,741`	`-`
`Health and safety`	`3,991`	`-`
`Waste collection`	`3,473`	`-`
`Event filming`	`325`	`335`
`Venue hire`	`-`	`1,500`
`Online event`	`-`	`10,179`
`Insurance`	`1,598`	`-`
`Performers expenses`	`600`	`-`
`Computer software`	`1,050`	`-`
	`50,617`	`12,546`
`Support costs`
`Management`
`Advertising and promotional`	`1,732`	`177`
`Carried forward`	`1,732`	`177`

This page does not form part of the statutory financial statements

`Local and Live Music`

`Detailed Statement of Financial Activities for the year ended 31 December 2021`

`for the year ended`	`31 December 2021`
	`2021`	`2020`
	`£`	`£`
`Management`
`Brought forward`	`1,732`	`177`
`Sundries`	`101`	`499`
	`1,833`	`676`
`Finance`
`Bank charges`	`249`	`108`
`Total resources expended`	`55,530`	`13,382`
`Net income`	`9,117`	`518`

This page does not form part of the statutory financial statements